# PPP loan: ROWLEY BROTHERS, INC.
> **$1.40M** approved 04/07/2020 · Paid in Full · Loan `7208017009`
## Borrower
- **Name:** ROWLEY BROTHERS, INC.
- **Address:** 3604 Wilder Road, BAY CITY, MI, 48706-2126
- **NAICS:** 424720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.31M
- **Rent:** $69K
- **Utilities:** $22K
- **Jobs reported:** 109
## Lender
- **Originating:** Independent Bank
- **Servicing:** Independent Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*